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leaders today, and push for his plan to save the economy from the so-called fiscal cliff. this worst-case scenario means tax hikes and spending cuts totaling trillions of dollars... would automatically jump into effect at the beginning of next year. if the president and congress can't reach a deal on the debt. the white house and lawmakers created this deadline last year when they failed to reach an agreement on the deficit. the president is calling for one-point-six trillion dollars in new taxes on companies and the wealthy. yesterday, the president made his case to labor leaders. we're committed to preserving the tax breaks for the middle class. making sure that they pay their fair share. president obama plans to meet with congressional leaders from both parties on friday. she must >> run for reelection to her minority position. no democrat has made a move to seriously challenge her. >> the seventh award alderman sandy jackson's get the city council meeting this morning and is not commenting on a wall street report she may have been involved in spending campaign cash on furnitu
.s. economy due to hit the fiscal cliff, trillion of tax increases and spending cuts, president obama called for a catch henceive deal and said he is not going to one on the top 2%. >> we cannot afford to extend the bush tax cuts for the wealthy. we can make sure that middle class taxes don't go up. if we get that in place we are removing half of the fiscal cliff. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and tr
with the economy. and make sure we do not go back into a recession. but they do want to stick to their guns. they feel like they are really won the election and not to cave in to the republicans on the upper income tax rate. host: chicago, ill., let us go matt, hi. caller: my comment is this, in order for us to solve this problem, both sides are going to have to experience a pretty significant amount of political pain. from my side, i am a lot of the center, i would like to see texas go up on the wealthy. but at the same time, being from chicago i remember when the simpson balls report came out, and congresswoman should kautsky, she said this is horrible there's no way i will vote for this. and i did not think that was right either. clearly, we are going to have to do something about medicare. i am not in favor of the ryan plan. my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the will
with the economy. but immigration and what kind of a country we're going to be going into the 21st century more deeply with china and brazil and india and those competitors we have out there now. young people not being able to get a job. the manufacturing base changing. so i do hope that the president does have a strong concept of where he wants to go and how he wants to get there. look, be he's the first african-american president gets re-elected as an african-american president. those will be more than asterisks in history. now it's about legacy, andrea. it's about what did i accomplish. not just that i was unique as a candidate but would i leave behind for jen rags yet to come -- generations yet to come. >> you spent so much time with the military, the troops in iraq and afghanistan and wars going back. how damaging do you think it is to the morale when two of the most celebrated four-star generals, one is involved because of his acknowledged misconduct, the other peripherally involved, we now believe, because he got an e-mail, turned it over to authorities and now perhaps seen as a witness
about in the election. >> i need to know that they should focus on creating jobs and growing the economy. >> we have a jobs crisis. >> we're going to create one million new manufacturing jobs. we're going to train two million workers. >> the answer isn't government. the answer is more good jobs. >> what happened to jobs? when are we going to talk about jobs? >> it's really funny because during the campaign trail, both romney and the president they voided the whole fiscal cliff. there was little talk about what washington will have to do. here we are and have to deal with the major issues that could have a negative impact on the economy. the people who were pushing big deficit packages, even the business communities say, if we get a deal, that would be good for the economy and grow jobs. but if there are tax increases, that could set the economy back. something the cbi warns if nothing happens could send the economy back into recession. the message in washington is how do we avert this crisis. it's not how are we going to create jobs right now. >> i guess we'll have to wait a little longe
administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress at all, you're going to see the anxiety and the nervousness growing both in the markets and in corporate boardrooms. it's going to be a rough two months for the u.s. economy. >> reporter: and lester, as the clock ticks with the two sides still at odds, they'll try to take the first steps towards common ground on friday here at the white house when the president hosts the entire congressional leadership. >> mick viqueira, thank you. >>> tomorrow marks two weeks since sandy roared ashore here in the northeast, wiping out homes, leaving families with nowhere to go as they try to even think about how to pick up the pieces. a housing crisis that has the feds scrambling to help them. nbc's michelle frandsen is in staten island with more on that. good evening. >> reporter: good evening. this distribution center is the hub for this darkened neighborhood on staten island where people can come and get a hot meal and also much needed supplies. to
cuts to expire given the impact that's predicted on the economy? >> look, one hopes that these warrings factions that we have in washington will reach a compromise before january 1st. >> but david corn says that's virtually impossible. >> i don't understand what's so hard about this because the other thing that bill kristol said is that back when the economy was strong, he referenced 82 to 85 in the reagan administration when marginal tax rates were 50%, the other time the economy was really strong was during the second clinton administration when marginal tax rates were 39.6%. that's what president obama is talking about doing. going back to 39.6%. the economy took off. this should be a no-brainer. you're asking people to pay a little bit more to help out the whole fiscal health of the nation. come on. it's time to -- people have been partying since it's been 1999 for like 25 years. it's time to do this very simple thing. >> martin, i would submit what's so hard about it is january 3rd is still ahead of john boehner. he still has to be reb elected speaker by his own caucus. i think the
that the central bank can't do much more to shelter the economy. >> we need to completely reboot tax policy and spending policy. if we have temporary fixes to the fiscal cliff, just push out the envelope of indecision until we have a sense of true direction, and it's time for our politicians to get their act together. >> fisher says he does not view the fed as a safety net. that is certainly a change of perception, one that congress is going to have to figure out pretty quickly along with the rest of washington. >> that it is. there's been a number of interviews this morning that would lead you to the same place. cisco reporting better than expected first quarter earnings in revenues, but the tech giant expects flat earnings and slower revenue growth for the current quarter. john chambers sees europe getting worse before it gets better, but he says there are signs of improvement in the u.s. economy. >> we want to be the one company that both exceeds expectations and doesn't bring down guidance. so kind of a hint on terms of what we see. it really says we're in the right spots for growth. mo
that corporate profits will begin to disappoint and that the global economy will hardly grow next year or even contract. and for that is the reason that stocks from the highs in september at 1470 on the s&p will drop in my view at least 20%. apple has already dropped more than 20%. >> what's causing this global shedo do slowdown? is there any way out of this or is this a messes that we have to live with right now? >> each country has specific problems. i was in vietnam, i've seldom see seen such an overbuild real estate market. it will take years to absorb everything. and vietnam property market is a microcosm of the chinese property market. it will also take years in china to absorb all the properties that are being built. in the western world including japan, the problem is we have too much debt and that debt now will have to be somewhere somehow repaid or it will slow down economic growth. and so i think that we live beyond our means 1980 to 2007 and now it's pay back period. >> it's pay back period but if you have a situation that you expect where the fiscal cliff is one that we never addr
, positioning themselves to blame the other if things fall apart. sam say it would drive the economy back into a recession. the halls of the capitol, eerily quiet as congress commemorates veterans day. but this stillness will soon be replaced by frenzy to avoid the fiscal cliff. public posturing, however, is well under way. we can't accept an unfair deal that piles all of this on the middle class and tells them they have to support it. >> you do have to have revenues on the table. but that does not mean raising taxes. >> reporter: but there are new cracks in that gop pledge, conservative commentator bill crystal. >> it won't kill the country if we raise taxes a little bit on millionaires. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >> reporter: he doesn't get a vote. gop senator bob corker does. >> we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that's not willing to contribute more, as long as they know we've solved the problems. >> reporter: still, even if republicans agree t
a slowing economy and demand for change. >>> next to colorado, where a hearing today for james holmes, the man accused of killing 12 people and wounding dozens more in a movie theater, has been delayed because he was hospitalized. holmes reportedly ran into a jail cell wall and jumped off his bed, but there are no details about his condition. >>> well, fiscal cliff fears hit wall street wednesday. but today, bad news could come from overseas. the 17 countries that make up the eurozone are back in recession after its economy contracted for a second straight quarter. the wider eu, however, avoided the same fate, thanks mostly to last summer's olympics boost. >>> back on the street yesterday, selling picked up during president obama's media briefing about those upcoming tax cut negotiations. and today, we'll see the impact the fed has. chief ben bernanke speaks this afternoon. >>> before the bell this morning, walmart reported earnings that beat the street's estimates. retail sales dropped in october after three months of gains. >>> later today, bp is expected to announce it will pay the
of reasons, including it will be damaging to the economy. we learned recently that president obama in august of 2011 was kind of ready to do a nixon goes to china moment on entitlements and i think that's still on the table. have real entitlement reform. on taxes it's as bill clinton said. it's simple math. spending is at 24% of gdp. taxes are at about 15% of gdp right now. even the most conservative member of congress only proposes to bring spending down to say 20% or even 19% of gdp. you still have a 4% to 5% gap. that represents hundreds of billions of dollars that has to be made up. even if you assume growth could get back to 3%, that won't make up the gap. so taxes have to be on the table. there's no way to get around that if you want to actually deal with the fiscal crisis that we have. and what is most heartening to me is to learn today that the president is willing to take this show on the road, to go out into the states and make the case and actually reinforce that mandate he has and make republicans realize that those that want to work with him will be rewarded as people who are tr
thing to do. we know it will hurt the economy and we know it will destroy jobs. >> so the most bipartisanship we are seeing in the early hours of congress being back is about the fact both parties agree that something must be done, that they must work together and that's what voters were saying with their ballots last week. the hard part is how you get there. as you know, hill leaders will be at the white house on friday. conversations have been going on behind the scenes. sort of on an ongoing basis. the real work will become hammered out in december to decide it will be a short-term kind of solution or whether something longer, more enduring can be forged. lots of questions. a spirit of working together, but they are far apart in their basic outline of how they should be tackled to begin with. >> let me bring in congresswoman gwen moore of wisconsin. thank you so much for your time. >> thank you for having me. >> you heard kelly there. so close, but yet so far. what are your thoughts regarding at least the beginning stages of this conversation to deal with this so-called fisc
of the economy, it's tens of billions of dollars. literally, leighing the economy, that means job growth and innovation going away and jobs overseas. here is what happens. epa alone accounts for 10 billion in lost record. i can't follow whatever, waste or this highway, grow tomatoes, i'm not doing it here. i will go to mexico and grow tomatoes. that is how regulation kills miles per hour business >> bob: that's what happened to my tomatoes. >> eric: regulation. >> bob: i find it amazing when you have something as big as the healthcare act going in a couple of years couple hundred thousand regulations is not surprising. >> andrea: they don't have to do with just healthcare, they deal with energy. a huge job creator. head of the chamber of commerce was on cavuto and said energy, that is what where we will get jobs. the feds will close off more federal land a.m. even though obama said in the debate no, we haven't. we're going to open them up. we have. >> dana: great american success story in innovation and ingenuity of technology created that is now putting america on a path to become less
this economy working for the vast majority of americans and how to get people back to work. we ought to be having that debate and they've got to push hard simply to get on the agenda. >> it's amazing a great point and shows why the president is not remotely progressive. he's having the debate totally on republican grounds as if they won. no no, no! we won! we won! we should be talking about jobs, increasing taxes. i'm not entered in $3 trillion in spending cuts. the republicans want that, good luck to you. you're right, you got to fight super hard, otherwise you'll lose on social security and tax cuts for the rich. 80% of that grand bargain is devastatingly bad for progressives and the middle class. we appreciate you joining us, bob. >> my pleasure. >> all right. now, when we come back, you know there's more drama with the generals right? now we have the other other woman. >> the widening scandal has now turned its focus squarely toward jill kelly who may play a part in bringing down petraeus, allen and now an f.b.i. agent she knew. >> you know the real problem? jill kelley getting t
provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> intel. sponsors of tomorrow. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the investigation that felled the head of the c.i.a. has expanded, to include a high- ranking u.s. military figure. thanews rippled outward fro the pentagon today, and across official washington. the name of u.s. marine general john allen, the top american commander in afghanistan, surfaced overnight in the scandal that began friday with david petraeus resigning at c.i.a. director. unnamed defense officials say the military is now investigating possibly, quote, inappropriate communications between allen and tampa socialite jill kelley. she had reported getting harassing emails from another woman, paula
this time. >> obama: well, two years ago the economy was in a different situation. what i said at the time is what i meant, which is this was an one-time proposition. >> cenk: so there you go, the bush tax cuts for the rich are going away, no question. yeah here comes the bad news. later in that answer he did have a lot of caveat. let's watch that. >> obama: i think we can simplify our tax system, make it more efficient eliminate loopholes and deductions that have a distorting affect on our economy. i believe that we have to continue to take a serious look at how we reform our entitlements. >> cenk: all right, two huge problems. once they start talking about loopholes and deductions, that means maybe the rates stay where we are we take away some loopholes and deductions yeah, that's what we do. that's the ticket. the second part? indictmententimes, i'm coming for you. they asked jay carney, hey this $250,000, people making above that they're going to have the tax increase right right? aah, maybe maybe not. >> how open is he to the notion that has been put forward by tim kaine that maybe yo
and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> we start the second half of the show with stories we care about where we focus on our own r reporting from the front lines. in a call with donors, mitt romney reportedly blamed his loss on gifts obama gave to minorities and young voters. first reported by the "l.a. times." romney says obama won over with two things -- and allowing those 26 and younger to remain on their parent's health insurance. he said obama's health care plan helped him with blacks and hispanics, and apologized for not winning. >>> the o
the rates go up because it will hurt the economy. why should republicans in congress believe you are not going to cave now? >> bill: with all due respect to you, because that's not a bad point. it's such an easy dodge. he took 8 minutes to dodge it. >> he took a long time to dodge these things. >> bill: oh, well, you know, i had to do it back then because, you know, we had a bad economy. but now the mandate the folks want this and that. i'm not going to do it and i'm the greatest guy. you just don't get any information. >> you know follow up. economy so much better now that we now can afford the economic. >> bill: did you hear that follow up question, kristen? >> you didn't hear it because it wasn't asked. >> i would love to hear more follow-up that format didn't allow for it. >> bill: living and experiencing are two different things. all right? what we experienced as americans, all of us today, was one hour of nothingness, vast nothingness. now, powers convinced me i'm wrong. i'm ready to believe you. >> no. i mean, you are not wrong in terms the reporters. i think we did get so
cause a lot of damage to the american economy. a careful about those who argue and urge for "let's just extend while we negotiate." it will leave a different source of uncertainty on the table, like what would give the people the incentive to come back and do something tough. >> millions of workers in europe have joined a general strike today protesting the wave of spending cuts and tax hikes that has swept the continent in the name of austerity. spanish and portuguese workers are coordinating their strike with work stoppages also planned in greece, italy, france and belgium. we will have more on the strike after headlines. closing arguments have ended in a pretrial hearing to determine whether u.s. staff sergeant robert bales will face a court- martial for allegedly slaughtering 16 afghan civilians, including nine children, in march. military prosecutors are seeking the death penalty while defense attorneys have argued that alcohol abuse, drug use, and posttraumatic stress disorder all may have played a key role in fueling his actions. the presiding officer says he'll issue a recommend
and climate change legislation. saying instead that he was focusing first on the economy and creating jobs. >> i am a firm believer that climate change is real, that it has impacted -- as a consequence i think we have an obligation to future generations to do something about it. and understandably i think the american people right now have been so focused and will continue to be focused on our economy and jobs and growth that if the message is somehow we're going to ignore jobs and growth simply to address climate change, i don't think anybody's going to go for that. i won't go for that. >> reporter: now, wolf, president obama said that more needs to be done. but he says he wants to have a national conversation talking to scientists, elected officials, engineers. so keeping it very broad. not getting into specifics. not talking about the sweeping energy and climate change legislation. but when you're talking to folks on both sides of this, those who are environmentalists, those who are in the energy industries, they seem to think that doesn't mean that he's not going to be taking action ju
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economy and demands for change. >>> next to colorado where a hearing for james holmes, the man accused of killing 12 people and wounding dozens more in a movie theater has been delayed because he was hospitalized. holmes reportedly ran into a jail cell wall and then jumped off his bed. but there are no details about his condition. >>> and now here's your first look at this morning's dish of scrambled politics. house speaker john boehner was easily re-elected to the post on wednesday with the exception of one vote, texas congressman nominated former speaker newt gingrich. it would have been perfectly legal but no one seconded the nomination. his fellow texan congressman ron paul gave part one of the farewell speech as he prepares to retire at year's end. >> sadly, many religious groups, secular organizations and psychopathic authoritarians endorse government initiated force to change the world. >> national journal reports wisconsin congressman and former vp hopeful paul ryan will remain house budget committee chairman after being granted a gop waiver to avoid being term limited out of t
and higher jobless pen fit claims because the economy appears to be getting weaker and weaker. we face tax increases next year. that's been noted by business. there have been some layoffs prior to those tax increases. and so the underlying trend may be up. it has been exaggerated by hurricane sandy. gregg: stu, things could get worse january 1st, when all of these spending cuts and tax increases happen. it is so-called fiscal cliff. put it up on the screen. 158 million americans would be affected by this. the average household, $3500 a year in tax increases. you're talking about 88% of the households are going to see tax increases. if i read the cbo report correctly, they say this will drive us right back into another huge recession, right? >> well you've got two cbo reports. the one you're referring to says, yes, you go over that fiscal cliff, massive tax increases and big spending cuts. you will go into recession. a separate report looks just at what happens if we raise taxes on the top 2%. just on the rich, the top 2%. if we do that, we lose 200,000 jobs next year. factor that into the
to the economy. the economy is still sluggish but there is improvement. >> average spending on thanksgiving trips is expected to drop $56 from last year. the vast majority of travelers will go by cars. gas prices are expected to be on par with last year's national averages. do not expect a last-minute deals. >> for thanksgiving weekend, you may be out of luck. those few seats will be at a premium. >> read up on security and screening procedures. >> a great trip often begins with a positive experience at the airport. >> be mindful of peak travel days. >> did you receive an allowance growing up? six out of 10 parents pay and allowances, the average earning $15 a week. that sounds high to me. kids spend the allowance as quickly as they receive it. that brings us to our water cooler question of the day. what do you think is it reasonable allowance to give to your kids? you can share your response on wbaltv.com, on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> did you get an allowance ? >> i did not. >> a free smartphone that comes with a catch. jane king has the bloomberg busi
and the president act. i'll tell you what falling off that fiscal cliff could mean for you and the greater economy. >>> a massive recall from toyota. millions of cars called in because of a steering problem. what you need to know. >> among our guests today, new york congressman steve israel will be joining us. newt and callista gingrich. author kitty kelley. pennsylvania congressman allyson schwartz. patty murray is with us and director oliver stone. it is wednesday, november 14th. "starting point" begins right now. >> look at me i'm whistling our theme song this morning. you're watching "starting point." the scandal, and it's spreading, is now engulfing two four-star generals. there are some new details about the woman who is at the center of it all. her name is jill kelley. she is described as a tammpy socialite. she first reported she's anonymous harassing e-mails to an fbi agent friend, and that ended up triggering an investigation. those e-mails eventually turned out to be sent by paula broadwell. that would be david petraeus' biographer. and eventually turned out his mistress, as well. we me
inroads into africa's economy. but is the u.s. missing out on an opportunity? a live report from south africa. >>> china's giant weeklong gathering of the communist party ends tonight. they bring together 2,000 delegates around the country to meet in beijing. they meet every five years. president hue hue gin pow. china catching up with the united states which is still number one. it's beating the u.s. when it comes to trade with subsaharan africa which has vast supplies of natural resources. >> reporter: here's a little bit of china in eastern zimbabwe. this is a join venture between the chinese and zimbabweans mining diamonds in the controversial fields where critics claim some of the diamonds funneled to the party, claims the government and mining officials deny. when cnn got exclusive access this year, the chinese welcomed us with lunch and speeches. as well as a tour of the mining operations, eager to show off cooperation and development with their african partners. many like the u.s. government are highly critical of the chinese venture and others across africa. critics argue the
're going to destroy our economy." not true! [ ♪ music ♪ ] [ ♪ music ♪ ] >> announcer: stephanie miller. [ ♪ music ♪ ] >> stephanie: the 80s said they want their policies and that song back. charlene in iowa. hi charlene. >> caller: hawaii. >> stephanie: hawaii, go ahead. >> caller: first iahead--hi, go ahead. >> caller: first i would like to say i love your show. >> stephanie: thank you. >> caller: i want to talk about the superior attitude that the right wing have that they can say any insulting thing about any group they want and then don't under why we don't vote for them. that seems so ridiculous to me. >> stephanie: some sane republicans have pointed out it's not just their policies but their tone. >> you would say that, too if you were a free loader. >> stephanie: it's the tone about women hispanics gay people, you name it. >> caller: exactly. i hope this all comes up in the the 2014 election cycle as talking points so people stay on track. >> stephanie: absolutely. thank you, charlene. >> caller: thank you. >> stephanie: let's go to mickey in south dakota. welcome. >> caller
Search Results 0 to 49 of about 235 (some duplicates have been removed)

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